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Financial Accounting

This class was created by Brainscape user alexandra nelson. Visit their profile to learn more about the creator.

By: alexandra nelson
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Decks in this class (12)

Chapter 1
What is an information measuremen...,
What is the accounting or balance...,
What are the resources a business...
56  cards
Chapter 2
Record within an accounting syste...,
Difference between total debits a...,
Account with debit and credit col...
34  cards
Chapter 3
Recurring steps performed each ac...,
Length of time covered by financi...,
Accounting system that recognizes...
45  cards
Chapter 4
Ratio used to assess a company s ...,
Reduction in the price of merchan...,
Cost of inventory sold to custome...
49  cards
Chapter 5
Principle that prescribes the les...,
Receiver of goods owned by anothe...,
Owner of goods who ships them to ...
20  cards
Chapter 6
Report that explains the differen...,
Bank report on the depositor s be...,
Checks that the bank has paid and...
37  cards
Chapter 7
Amounts due from customers for cr...,
Measure of both the quality and l...,
Process of classifying accounts r...
16  cards
Chapter 8
Method that produces larger depre...,
Process of allocating the cost of...,
Asset s acquisition costs less it...
38  cards
Chapter 9
Obligation to make a future payme...,
Obligations due to be paid or set...,
Portion of long term debt due wit...
27  cards
Chapter 10
Series of equal payments at equal...,
Bonds made payable to whoever hol...,
Written promise to pay the bond s...
31  cards
Chapter 11
Retained earnings separately repo...,
Total amount of stock that a corp...,
Net income less any preferred div...
56  cards
Chapter 12
Ratio of operating cash flows to ...,
Presentation of net cash from ope...,
Transactions with owners and cred...
7  cards

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Financial Accounting

  • Class purpose General learning

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